Stifel Financial Corp Grows Stake in Cooper-Standard Holdings Inc. (NYSE:CPS)

Stifel Financial Corp increased its holdings in Cooper-Standard Holdings Inc. (NYSE:CPS) by 6.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 52,909 shares of the auto parts company’s stock after buying an additional 3,206 shares during the period. Stifel Financial Corp’s holdings in Cooper-Standard were worth $734,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. US Bancorp DE bought a new position in Cooper-Standard in the 3rd quarter worth about $33,000. Arkadios Wealth Advisors grew its holdings in shares of Cooper-Standard by 7.7% during the third quarter. Arkadios Wealth Advisors now owns 44,525 shares of the auto parts company’s stock worth $618,000 after purchasing an additional 3,197 shares in the last quarter. Rhumbline Advisers increased its position in shares of Cooper-Standard by 15.8% in the second quarter. Rhumbline Advisers now owns 27,353 shares of the auto parts company’s stock worth $340,000 after purchasing an additional 3,723 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Cooper-Standard by 7.1% in the second quarter. Bank of New York Mellon Corp now owns 99,427 shares of the auto parts company’s stock valued at $1,237,000 after purchasing an additional 6,559 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in Cooper-Standard by 18.3% during the second quarter. AQR Capital Management LLC now owns 119,598 shares of the auto parts company’s stock valued at $1,488,000 after purchasing an additional 18,478 shares during the last quarter. Institutional investors own 69.11% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Cooper-Standard from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th.

Cooper-Standard Stock Up 1.5 %

CPS opened at $13.96 on Wednesday. The business’s fifty day simple moving average is $14.55 and its 200 day simple moving average is $13.87. Cooper-Standard Holdings Inc. has a 52 week low of $11.24 and a 52 week high of $20.82. The stock has a market cap of $241.88 million, a PE ratio of -1.40 and a beta of 2.79.

Cooper-Standard (NYSE:CPS) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported ($0.68) EPS for the quarter, beating the consensus estimate of ($1.18) by $0.50. The firm had revenue of $685.35 million for the quarter.

About Cooper-Standard

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, manufactures and sells sealing, fuel and brake delivery, and fluid transfer systems in the United States, Mexico, China, Poland, Canada, Germany, France, and internationally. The company offers sealing systems, including dynamic seals, static seals, encapsulated glasses, textured surfaces with cloth appearance, obstacle detection sensor systems, FlushSeal systems, variable extrusions, specialty sealing products, stainless steel trims, and frameless systems.